Subscriber’s Expenses Sample Clauses
The 'Subscriber’s Expenses' clause defines the responsibility of the subscriber to cover certain costs incurred in connection with the agreement. Typically, this clause outlines which expenses—such as administrative fees, service charges, or costs related to the use of specific resources—are to be paid by the subscriber rather than the service provider. By clearly allocating financial responsibility, this clause helps prevent disputes over payment obligations and ensures that both parties understand who bears which costs during the term of the agreement.
Subscriber’s Expenses. The Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including any fees and disbursements of counsel retained by the Subscriber) relating to the purchase of the Units shall be borne by the Subscriber.
Subscriber’s Expenses. (a) Regardless of whether the arrangements for the subscription and issue of the Bonds have been completed, the Issuer (failing whom, the Guarantor) shall pay:
(i) the out-of-pocket costs and expenses incurred by the Subscriber (including its directors, officers and employees and legal, accountancy and other third party professional advisers instructed by any of them) in connection with or arising out of the issuance and offering of the Bonds, including, but not limited to, legal, due diligence and other professional fees and expenses incurred by the Subscriber; and
(ii) all other out-of-pocket costs and expenses incurred by the Subscriber in connection with or arising out of the issuance and offering of the Bonds hereunder for which provision is not otherwise made in this Clause 13.3, (collectively, “Aggregate Subscriber’s Expenses”, subject to an aggregate limit of US$250,000). The Subscriber’s Expenses means the Aggregate Subscriber’s Expenses less US$180,000 (which has been paid by the Issuer to the Subscriber prior to the Signing Date).
(b) Notwithstanding the foregoing, the Issuer (failing whom, the Guarantor) shall also reimburse to the Subscriber any costs and expenses in relation to the on-going monitoring of the business operation and performance of the Group incurred by the Subscriber following the Issue of the Bonds, subject to a limit of US$25,000 per annum.